Dow Down 416 Pts!

Stock markets of mainland China that raised questions about whether a larger market correction was in the offing. Stocks fell in most of Asia earlier Wednesday although the Shanghai Composite Index, whose nearly 9 percent drop set off the domino-effect selling, closed up nearly 4 percent. Stocks were also off in Europe, but the declines were milder than on Tuesday. Futures signaled a higher opening. Futures for the Dow Jones industrials, which fell more than 400 points Tuesday, were higher by 70 points, while Standard & Poor's 500 index futures were higher by 8.20 points. Nasdaq composite index futures were higher by 11.50 points.